Which Of The Following Statements About The Classification Of Applicants Is Incorrect?
a) Substandard applicants are never declined by underwriters.
b) Substandard applicants are occasionally declined by underwriters.
c) Preferred risk applicants typically have better premium rates than standard risk applicants.
d) An applicant can be classified as a substandard risk because of a hazardous job.
Correct Answer: a) Substandard applicants are never declined by underwriters.